Business, Legal & Accounting Glossary
n. an undiscussed imitation by a business of a competitor’s action, such as changing prices up or down without the active conspiracy between business rivals, which would make this coincidental activity a violation of anti-trust laws. Example: a) Air Chance Airline offers a two-for-one special for all flights over 1,000 miles, and, within a week, several other airlines offer the same bargain. b) Rumble Oil Company stations set gasoline prices at $1.38 for premium and the next day all gas stations in the Rumble market area set their pumps at $1.38. Coincidence? No, conscious parallelism.
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This glossary post was last updated: 27th April, 2020 | 1 Views.